Mr. David Moloney:

The ELS figure reflects a number of things including changes in prices and pay rates and run rates in particular areas. One of the factors that had an impact on the ELS last year in particular was the allocation of pay. When we talk about the ELS figure of €708 million for 2024, that does not include an allocation for pay under a new pay deal. There is an allocation for the existing pay deal, the extension to Building Momentum, but there is no allocation for a potential replacement to that deal, which ends at the end of this year. Among other factors, that has an influence on the ELS figure.